$SSV
/USDT Technical Analysis and a Trade Strategy 🎯 🚀
1. Trend:
Short-term: Bullish momentum with price above the Bollinger Middle Band (MB).
Resistance Levels:
$35.63 (Bollinger Upper Band).
$35.79 (SAR).
2. Support Levels:
$33.97 (Bollinger MB).
$32.31 (Bollinger Lower Band).
3. Indicators:
Bollinger Bands: Price is moving towards the upper band, indicating strong buying pressure but nearing overbought conditions.
Parabolic SAR: SAR is above the price at $35.79, indicating potential short-term resistance.
4. Volume:
High 24h volume (1.11M SSV, 37.03M USDT) supports bullish momentum.
Trade Strategy:
Entry Point:
Enter a long position if the price sustains above $34.50 with strong volume.
Consider a short-term buy near the Bollinger MB ($33.97) for better risk-reward.
Target Keys 🎯:
1. Target 1: $35.63 (Bollinger Upper Band).
2. Target 2: $37.00 (psychological resistance and potential breakout level).
3. Target 3: $38.50 (next significant resistance based on historical levels).
Stop-Loss:
Place a stop-loss below $33.50 to limit downside risk.
Risk Management:
Use 1-2% of your portfolio per trade.
Adjust targets and stop-loss dynamically if price action changes (e.g., a breakout above $35.79).
Recommendation:
Monitor the price reaction at $35.63-$35.79 for signs of resistance or a breakout.
A pullback to $33.97 could provide a safer long-entry for a rebound toward higher targets.